On Wednesday, Shares of Microsoft Corporation (NASDAQ:MSFT), lost -1.40% to $46.61.
During each of the past five years, Microsoft Corporation declared a dividend hike sometime during September 16-20, according to Benzinga.
An enhance to a company’s dividend payout is usually cheered by investors, but Citi analyst Walter Pritchard won’t get excited. The analyst commented in a note on Tuesday that a September dividend hike declaration is a “non-event.” Benzinga Reports
Pritchard noted that Microsoft had “genuine interest” in acquiring salesforce.com, inc. (NYSE: CRM) which would have consumed “significant” capital and debt capacity. On the other hand, the company has “more flexibility” around share buy-backs, which it leaned on for a mechanism of capital return while large acquisitions represents “negative optionality” to incremental capital returns and operating expenditure controls. Benzinga said
Regardless of Microsoft’s capital return strategy, Pritchard stated the company continues to face challenges in “remaining relevant” with developers and end-users that could impact its “highly” profitable Windows client and enterprise server and cloud businesses. Benzinga added
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of EMC Corporation (NYSE:EMC), declined -1.02% to $26.15, during its last trading session.
Pivotal, the cloud-computing spinout of EMC Corp. and VMware Inc., promoted Rob Mee as chief executive officer to replace Paul Maritz, who was designated executive chairman of Pivotal’s board, according to Bloomberg.
Pivotal, backed by EMC, VMware and General Electric Co., was set up in 2012 to tap surging demand for Internet-based programs, after EMC attained Pivotal Labs the same year. Mee co-founded the original entity, which specialized in developing tools to change how engineers build software. The technology has become a critical component of Pivotal’s business, which involves carrying out complex projects with customers, while training their engineers to write software in a more modern way, Maritz said in an interview with Bloomberg News in May. Bloomberg Reports
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Finally, Ensco plc (NYSE:ESV), ended its last trade with -3.98% loss, and closed at $16.15.
Ensco declared that its Board of Directors has declared a regular quarterly cash dividend of US$0.15 per Class A ordinary share payable on 18 September 2015. The ex-dividend date for this payment is predictable to be 2 September 2015, with a record date of 4 September 2015.
Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 9 September 2015 at 10:25 a.m. EDT.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other.
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